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IUMI: Marine insurance market at "bottom of the pricing barrel"

Naval officer with binoculars

Marine insurance brokers have been urged to warn clients that increases in rates and deductibles are on the way as part of the industry's push to escape the soft market cycle.

Speaking at an ocean hull workshop at the International Union of Marine Insurance annual conference, committee chairman Harry Yerkes called on brokers to prepare clients for a change in rates and

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